Lancaster Colony Corporation (LANC)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,206,930 | 1,112,990 | 1,090,370 | 1,101,280 | 993,353 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,206,930K
= 0.00
The debt-to-assets ratio of Lancaster Colony Corporation has consistently been at 0.00 for the past five years, indicating that the company has not used debt to finance its assets during this period. This suggests that Lancaster Colony Corporation has primarily relied on equity financing to support its operations and investments. A debt-to-assets ratio of 0.00 may indicate that the company has a strong financial position with minimal risk associated with debt obligations. Nevertheless, it is essential to consider the company's overall financial strategy and goals to determine the significance of the debt-to-assets ratio in the context of its operations and industry dynamics.
Peer comparison
Jun 30, 2024